An Ethereum (ETH) whale on March 10, 2025, utilized high-risk, high-reward strategy and made $2.15M profit followed by loss of $306.85M in liquidation today March 12, 2025 according to Lookonchain. This episode has sent shock waves within the industry and this just highlights the significant profits and dangers of leverage trading.
Ethereum Whale Makes $2.15M in 50 Min with High Leverage Trading
The whale, suspected of trading with insider information, initially made $2.15 million in just 50 minutes by leveraging Ethereum (ETH) on Hyperliquid. According to Lookonchain, on March 10, 2025, the whale sold 947 ETH for $1.95 million in USD Coin (USDC) and then used those funds to open a 50x leveraged long positions on ETH.
This then rapidly grew to 25,095 ETH, valued at $53.7 million, with a liquidation price set at $2,008. Capitalization on a quick rise in ETH’s price, the whale closed the position, securing the substantial profit.
This successful trade followed a previous win where the same whale made $6.8 million by going long on Bitcoin (BTC) and ETH with 50x leverage before an executive order regarding digital assets.
Massive Long Positions on ETH and BTC
The whale then today, March 12, 2025, deposited 1.735 million in USDC to long Bitcoin, and then switched all of his Bitcoin positions to long ETH, reaching 140,458 ETH, or $269.8 million. The entry price was $1,900.2, with a liquidation price of $1,877, and an unrealized profit of $2.92M.
The whale deposited another 10M USDC into Hyperliquid to place a limited order at $1921, bringing the ETH long positions to 141,013 or $271.6M. The entry price was $1,900.28, the liquidation price was $1,805, and the unrealized profit was $3.65M.
Dramatic Liquidations Wipes Out $306.85M
However, the situation took a 180 turn when the whale was liquidated for 160,234 ETH, valued at $306.85 million. This just highlighted the risk that is associated with the high-leverage trading, where substantial gains can be wiped out in a blink of an eye.
This marks a dramatic end to the aggressive trading spree and highlights the danger of such extreme leverage in cryptocurrency space.
Also Read: 21Shares Reduces Fees & Lists Bitcoin Ethereum Core ETP on Xetra
